They uprooted a national institution which had existed, with but one brief interruption, for more than forty years; and they entirely altered the tradition of appointment in the American civil service.

Both of these destructive achievements throw a great deal of light upon their unconscious tendencies and upon their explicit convictions, and will help us to understand the value and the limitation of the positive contribution which the pioneers made to the fullness of the American democratic idea.
The National Bank was the institution by virtue of which Hamilton sought to secure a stable national currency and an efficient national fiscal agent; and the Bank, particularly under its second charter, had undoubtedly been a useful and economical piece of financial machinery.
The Republicans had protested against it in the beginning, but they had later come to believe in its necessity; and at the time Benton and Jackson declared war upon it, the Bank was, on the whole, and in spite of certain minor and local grievances, a popular institution.

If the question of the re-charter of the National Bank had been submitted to popular vote in 1832, a popular majority would probably have declared in its favor.

Jackson's victory was due partly to his personal popularity, partly to the unwise manner in which the Bank was defended, but chiefly to his success in convincing public opinion that the Bank was an institution whose legal privileges were used to the detriment of the American people.

As a matter of fact, such was not the case.